"question":"What problems do Blockstack DApps solve for me as a user?",
"question":"What problems do Blockstack DApps solve for me as a user?",
"answer":"<p>Applications developed with Blockstack’s technology run like the traditional, web applications you know. Unlike traditional, web applications, DApps avoid abusing users by adhering to the following principles:</p> <ul> <li><strong>Users control their data, not the application developer.</strong> If you stop using an application, the application cannot access your data. When you leave the application, you take your data with you.</li> <li><strong>Users determine where to store their data.</strong> You can store your data on your computer. Alternatively, you can choose highly-available commercial storage providers you trust. The providers can only host your data; it is encrypted so they cannot “unlock” it to view.</li> <li><strong>Users control which applications and which third parties can access their data.</strong> Applications ask your permission to read your data, and you can withdraw those same permissions at any time. Applications cannot sell or mine your data on behalf of a third party you are unaware of.</li> </ul>"
"answer":"<p>Applications developed with Blockstack’s technology run like the traditional, web applications you know. Unlike traditional, web applications, DApps avoid abusing users by adhering to the following principles:</p> <ul> <li><strong>Users control their data, not the application developer.</strong> If you stop using an application, the application cannot access your data. When you leave the application, you take your data with you.</li> <li><strong>Users determine where to store their data.</strong> You can store your data on your computer. Alternatively, you can choose highly-available commercial storage providers you trust. The providers can only host your data; it is encrypted so they cannot <q>unlock</q> it to view.</li> <li><strong>Users control which applications and which third parties can access their data.</strong> Applications ask your permission to read your data, and you can withdraw those same permissions at any time. Applications cannot sell or mine your data on behalf of a third party you are unaware of.</li> </ul>"
},
},
{
{
"category":"general",
"category":"general",
@ -59,7 +59,7 @@
{
{
"category":"appusers",
"category":"appusers",
"question":"What is an identity or ID or Blockstack identity?",
"question":"What is an identity or ID or Blockstack identity?",
"answer":"<p>A name or identity, ID for short, is your “home” on the decentralized internet. Your identity is unique, like a passport number, only you have it. To use an application, you sign into the application with your identity and a secret key only you know.</p> <p>Your data and where it is stored is connected with your identity. When you sign into a DApp, you give the DApp permission to read your data and write to your data store on your behalf. When you log out of an application, it no longer has access to your data or data store — until the next time you log in with your identity.</p>"
"answer":"<p>A name or identity, ID for short, is your <q>home</q> on the decentralized internet. Your identity is unique, like a passport number, only you have it. To use an application, you sign into the application with your identity and a secret key only you know.</p> <p>Your data and where it is stored is connected with your identity. When you sign into a DApp, you give the DApp permission to read your data and write to your data store on your behalf. When you log out of an application, it no longer has access to your data or data store — until the next time you log in with your identity.</p>"
},
},
{
{
"category":"appusers",
"category":"appusers",
@ -188,7 +188,7 @@
},
},
{
{
"category":"dappdevs",
"category":"dappdevs",
"question":"What is a “serverless” app?",
"question":"What is a <q>serverless</q> app?",
"answer":"<p>The application should not run application-specific functionality on a server. All of its functionality should run on end-points. Serverless can also mean applications where the application developer still writes some amount of server-side logic, but unlike traditional architectures, this logic is run in stateless compute containers that are event-triggered and ephemeral (may only last for one invocation).</p> <p>However, applications may use some servers with the caveat that they must not be part of the application’s trusted computing base. The Gaia Storage System is part of most DApps’ computing base, but because user data is signed and verified end-to-end, the storage systems are not trusted to always serve correct data.</p>"
"answer":"<p>The application should not run application-specific functionality on a server. All of its functionality should run on end-points. Serverless can also mean applications where the application developer still writes some amount of server-side logic, but unlike traditional architectures, this logic is run in stateless compute containers that are event-triggered and ephemeral (may only last for one invocation).</p> <p>However, applications may use some servers with the caveat that they must not be part of the application’s trusted computing base. The Gaia Storage System is part of most DApps’ computing base, but because user data is signed and verified end-to-end, the storage systems are not trusted to always serve correct data.</p>"
},
},
{
{
@ -244,7 +244,7 @@
{
{
"category":"dappdevs",
"category":"dappdevs",
"question":"How is Blockstack different from Ethereum for building decentralized apps?",
"question":"How is Blockstack different from Ethereum for building decentralized apps?",
"answer":"<p>You can think of Ethereum as a “heavy” blockchain that does everything for you. All the complexity is handled on-chain, computations are run there, and all scalability and security concerns must be handled at the blockchain level. Ethereum amounts to a “mainframe” that runs all the applications in the ecosystem.</p> <p>Blockstack puts minimal logic into a blockchain and handles scalability outside of the blockchain by re-using existing internet infrastructure. Our architectural design mirrors how computing has developed; moving from mainframes to smaller networked entities.</p>"
"answer":"<p>You can think of Ethereum as a <q>heavy</q> blockchain that does everything for you. All the complexity is handled on-chain, computations are run there, and all scalability and security concerns must be handled at the blockchain level. Ethereum amounts to a <q>mainframe</q> that runs all the applications in the ecosystem.</p> <p>Blockstack puts minimal logic into a blockchain and handles scalability outside of the blockchain by re-using existing internet infrastructure. Our architectural design mirrors how computing has developed; moving from mainframes to smaller networked entities.</p>"
},
},
{
{
"category":"dappdevs",
"category":"dappdevs",
@ -274,7 +274,7 @@
{
{
"category":"appminers",
"category":"appminers",
"question":"How is App Mining different from cryptocurrency mining?",
"question":"How is App Mining different from cryptocurrency mining?",
"answer":"<p>Traditionally the term mining in cryptocurrency refers to the process of contributing compute resources to the network and earning a distributed of new tokens as a reward. On the Stacks blockchain, developers can “mine” by contributing apps to the ecosystem and making applications the community wants. </p>"
"answer":"<p>Traditionally the term mining in cryptocurrency refers to the process of contributing compute resources to the network and earning a distributed of new tokens as a reward. On the Stacks blockchain, developers can <q>mine</q> by contributing apps to the ecosystem and making applications the community wants. </p>"
},
},
{
{
"category":"appminers",
"category":"appminers",
@ -304,7 +304,7 @@
{
{
"category":"appminers",
"category":"appminers",
"question":"How do I launch my app on Product Hunt as an app reviewer?",
"question":"How do I launch my app on Product Hunt as an app reviewer?",
"answer":"<p>Part of the ranking process includes an assessment by the Product Hunt app reviewer via their community vote and their internal team vote. You can find <a href='https://docs.blockstack.org/develop/mining_intro.html' target='_blank'>information on the algorithm in this documentation</a>.</p> <p>Your product's launch on Product Hunt has an impact on your final App Mining ranking as stated in the algorithm information. If your app has not been “hunted” yet on Product Hunt, you have the option to hunt the app independently or to ask Product Hunt to hunt it for you. Make sure you understand the hunting process. Only hunted products can be featured by Product Hunt. More information on successful product hunt launches <a href='https://blog.producthunt.com/how-to-launch-on-product-hunt-7c1843e06399' target='_blank'>can be found on the Product Hunt blog</a>.</p> <p>Blockstack will email each miner about the hunt process at the start of each App Mining review cycle. You should feel free to let us know your preference, hunt yourself or by Product Hunt, before the review cycle.</p>"
"answer":"<p>Part of the ranking process includes an assessment by the Product Hunt app reviewer via their community vote and their internal team vote. You can find <a href='https://docs.blockstack.org/develop/mining_intro.html' target='_blank'>information on the algorithm in this documentation</a>.</p> <p>Your product's launch on Product Hunt has an impact on your final App Mining ranking as stated in the algorithm information. If your app has not been <q>hunted</q> yet on Product Hunt, you have the option to hunt the app independently or to ask Product Hunt to hunt it for you. Make sure you understand the hunting process. Only hunted products can be featured by Product Hunt. More information on successful product hunt launches <a href='https://blog.producthunt.com/how-to-launch-on-product-hunt-7c1843e06399' target='_blank'>can be found on the Product Hunt blog</a>.</p> <p>Blockstack will email each miner about the hunt process at the start of each App Mining review cycle. You should feel free to let us know your preference, hunt yourself or by Product Hunt, before the review cycle.</p>"
},
},
{
{
"category":"appminers",
"category":"appminers",
@ -374,7 +374,7 @@
{
{
"category":"coredevs",
"category":"coredevs",
"question":"What is Leader Election and Proof-of-Burn?",
"question":"What is Leader Election and Proof-of-Burn?",
"answer":"<p>Proof-of-Burn is a mechanism through which potential block miners (what we call leaders) burn an existing cryptocurrency to announce their candidacy for mining a particular block. The more cryptocurrency burnt by a particular leader, the more likely they are to be selected to lead a block (a process which uses cryptographic sortition). Once elected, a leader constructs a valid block, choosing the chain tip to base their fork off of, and announces the block to the network. In the event of chain forks, clients select the longest such fork as the “correct fork.”</p>"
"answer":"<p>Proof-of-Burn is a mechanism through which potential block miners (what we call leaders) burn an existing cryptocurrency to announce their candidacy for mining a particular block. The more cryptocurrency burnt by a particular leader, the more likely they are to be selected to lead a block (a process which uses cryptographic sortition). Once elected, a leader constructs a valid block, choosing the chain tip to base their fork off of, and announces the block to the network. In the event of chain forks, clients select the longest such fork as the <q>correct fork.</q></p>"
},
},
{
{
"category":"coredevs",
"category":"coredevs",
@ -444,7 +444,7 @@
{
{
"category":"coredevs",
"category":"coredevs",
"question":"What is the capacity per block for registrations using Blockstack?",
"question":"What is the capacity per block for registrations using Blockstack?",
"answer":"<p>Initial registrations can be done at an order of hundreds per block, and once an identity is registered, you can do “unlimited” updates to the data because that is off-chain.</p>"
"answer":"<p>Initial registrations can be done at an order of hundreds per block, and once an identity is registered, you can do <q>unlimited</q> updates to the data because that is off-chain.</p>"
},
},
{
{
"category":"coredevs",
"category":"coredevs",
@ -514,101 +514,132 @@
{
{
"category":"wallet",
"category":"wallet",
"question":"What is a public Stacks Wallet address?",
"question":"What is a public Stacks Wallet address?",
"answer":"<p>During the initial grant process, investors submitted a <em>public Stacks Wallet address</em> to Blockstack. This is a string of letters and numbers starting with an ‘SP’ or SM’, for example <code>SP017AUV5YRM7HT3TSQXJF7FCCYXETAB276BQ6XY</code> is a wallet address.</p> <p>If you purchased Stacks tokens through CoinList, you can find your address at <a href='https://coinlist.co/distributions'>CoinList</a>. If you submitted your Stacks address directly to Blockstack, you can either use the “Restore from Seed Phrase” feature on the Stacks Wallet or contact us at <a href='mailto:hello@stackstoken.com'>hello@stackstoken.com</a> for help.</p>"
"answer":"<p>During the initial grant process, investors submitted a <em>public Stacks Wallet address</em> to Blockstack. This is a string of letters and numbers starting with an ‘SP’ or SM’, for example <code>SP017AUV5YRM7HT3TSQXJF7FCCYXETAB276BQ6XY</code> is a wallet address.</p> <p>If you purchased Stacks tokens through CoinList, you can find your address at <a href='https://coinlist.co/distributions'>CoinList</a>. If you submitted your Stacks address directly to Blockstack, you can either use the <q>Restore from Seed Phrase</q> feature on the Stacks Wallet or contact us at <a href='mailto:hello@stackstoken.com'>hello@stackstoken.com</a> for help.</p>"
},
},
{
{
"category":"wallet",
"category":"wallet",
"question":"How do I get help from a person?",
"question":"How do I get help from a person?",
"answer":"<p>For questions or help regarding the Stacks token, you can contact us at <a href='mailto:hello@stackstoken.com'>hello@stackstoken.com</a>.</p>"
"answer":"<p>For questions or help regarding the Stacks token, you can contact us at <a href='mailto:hello@stackstoken.com'>hello@stackstoken.com</a>.</p>"
},
},
{"category":"tokens",
{
"category":"tokens",
"question":"Where can I buy Stacks tokens?",
"question":"Where can I buy Stacks tokens?",
"answer":"<p>Blockstack Token LLC has filed an offering statement with the U.S. Securities and Exchange Commission (SEC) to conduct a $50 million token offering using the SEC Regulation A+ framework. Stacks tokens won’t be sold until the SEC has qualified the offering statement. Please keep an eye out for updates at <a href='http://stackstoken.com/'>stackstoken.com</a>, where you may also subscribe for updates by joining our mailing list.</p>"
"answer":"<p>Stacks tokens will be available for purchase at <a href='http://stackstoken.com/'>stackstoken.com</a> commencing on July 11, 2019 at 11:00 a.m. Eastern Daylight Time.</p>"
},
{
"category":"tokens",
"question":"How do I buy Stacks tokens?",
"answer":"<p>Go to <a href='http://stackstoken.com/'>stackstoken.com</a> and follow the instructions for submitting your purchase request.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"When can I buy Stacks tokens?",
"question":"How long do I have to buy Stacks tokens?",
"answer":"<p>The timing of the sale depends on if and when the SEC qualifies the offering statement. We hope qualification will be in the near future. Please keep an eye out for updates at <a href='http://stackstoken.com/'>stackstoken.com</a>, where you may also subscribe for updates by joining our mailing list.</p>"
"answer":"<p>The Stacks token offering commences on July 11, 2019, and will continue for 60 calendar days until September 9, 2019. We may terminate the offering at an earlier time if the general offering has been fully subscribed and the voucher program is either fully subscribed or we have determined that no additional voucher holders are expected to subscribe to the offering.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"How much do Stacks tokens cost?",
"question":"How much do Stacks tokens cost?",
"answer":"<p>We are offering up to 215 million Stacks tokens at a discounted purchase price of $0.12 to current holders of certain non-binding vouchers to purchase Stacks tokens, up to a maximum of $3,000 in Stacks tokens to each voucher-holder.</p> <p>We are offering at least 40 million Stacks tokens at a price of $0.30 per token to “qualified purchasers” generally (as such term is defined under Regulation A of the Securities Act of 1933). We may, in our discretion, increase the size of the general offering (up to a maximum of 62 million tokens).</p> <p>Please refer to the preliminary offering circular filed with the SEC <a href='https://www.sec.gov/Archives/edgar/data/1719379/000110465919029828/a18-15736_1partiiandiii.htm'>here</a> for all information related to the proposed Regulation A offering of the Stacks token.</p>"
"answer":"<p>We are offering Stacks tokens at $0.30 per token to the general public in the general offering and $0.12 per token to voucher-holders in the voucher program.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"How are Stacks tokens priced?",
"question":"How do I pay for Stacks tokens?",
"answer":"<p>The valuation history of Stacks tokens is disclosed in detail on page 71 of the preliminary offering circular. Please refer to the preliminary offering circular filed with the SEC <a href='https://www.sec.gov/Archives/edgar/data/1719379/000110465919029828/a18-15736_1partiiandiii.htm'>here</a> for all information related to the proposed Regulation A offering of the Stacks Token.</p>"
"answer":"<p>You may purchase Stacks tokens using either U.S. dollars, Bitcoin, or Ether.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"What is the minimum and maximum amount an investor can commit to purchase?",
"question":"Can I fund my purchase using an online exchange wallet?",
"answer":"<p>Investors must commit to a minimum purchase amount of $100 for the tokens in this offering. This minimum may be waived at our discretion. Investors in the voucher program will only be permitted to purchase $3,000 worth of Stacks tokens through the voucher program, or 25,000 Stacks tokens, at the $0.12 per token price. Investors in the voucher program may also purchase through the general offering.</p><p>Investors may be either <em>accredited investors</em> within the meaning of Regulation D under the Securities Act, or any other investors so long as their investment in the tokens does not represent more than 10% of the greater of their annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons).</p>"
"answer":"<p>We recommend using a wallet for which you hold the private keys to fund your purchase, but you can use an online exchange wallet as well. In either case, your return address must be tied to a wallet for which you hold the private keys.</p> <p>The Stacks Wallet is the official cryptocurrency wallet supported by the Stacks token team. You can download it at <a href='https://wallet.blockstack.org/'>https://wallet.blockstack.org/</a>.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"Can I buy Stacks tokens with either cryptocurrency or fiat currency?",
"question":"Is there a minimum purchase amount?",
"answer":"<p>As indicated in the preliminary offering circular, if qualified by the SEC, Stacks may be purchased using U.S. dollars, Bitcoin, or Ether. Please refer to the preliminary offering circular filed with the SEC <a href='https://www.sec.gov/Archives/edgar/data/1719379/000110465919029828/a18-15736_1partiiandiii.htm'>here</a> for all information related to the proposed Regulation A offering of the Stacks token.</p>"
"answer":"<p>The purchase minimum is $100. This minimum may be waived at our discretion.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"I have a voucher. How do I redeem it for Stacks tokens?",
"question":"Is there a maximum purchase amount?",
"answer":"<p>Vouchers cannot be used to purchase Stacks tokens until the SEC qualifies the offering statement. Although the planned offering of Stacks tokens is not yet qualified by the SEC, voucher holders were required to register their voucher and indicate their interest by May 28, 2019.</p><p>Voucher holders who missed the deadline will only be allowed to redeem their voucher in Blockstack's discretion on a first-come, first-serve basis and only if there are sufficient tokens remaining in the voucher program. You may still purchase Stacks tokens at a price of $0.30 per token available to all qualified purchasers.</p><p>If you have any questions, please contact <a href='mailto:support@stackstoken.com'>support@stackstoken.com.</a></p>"
"answer":"<p>If you are an <a href='https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/updated-investor-bulletin-accredited-investors'>accredited investor</a>, there is no maximum purchase amount. If you are not an accredited investor, your total purchase amount may not exceed 10% of the greater of your annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons).</p><p>If you are planning to purchase more than $200,000 worth of Stacks tokens, our investor relations team would like to assist you personally. You may proceed with purchasing up to $200,000 via <a href='http://stackstoken.com/'>stackstoken.com</a> and work with our investor relations team for any additional purchases above that amount. Please email investors@stackstoken.com and we’ll get in touch with you.</p> <p>Voucher holders may purchase up to a maximum of $3,000 worth of Stacks tokens through the voucher program, or 25,000 Stacks tokens, at $0.12 per token. Voucher holders may purchase additional tokens through the general offering at $0.30 per token.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"How do I check the validity of my Stacks voucher?",
"question":"Why do I have to verify my identity?",
"answer":"<p>You may email <a href='mailto:support@stackstoken.com'>support@stackstoken.com.</a> with your voucher ID and full name to check the validity of your voucher.</p>"
"answer":"<p>We are required to verify your identity to comply with know-your-customer and anti-money laundering laws.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"Can I transfer or sell my Stacks voucher?",
"question":"How do I verify that I am an accredited investor?",
"answer":"<p>Stacks vouchers are non-transferrable and may not be bought, sold or gifted. Only the original person or entity that registered for, and whose name is printed on, the voucher may redeem it.</p>"
"answer":"<p>If you wish to purchase more than 10% of the greater of your annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons), you will be asked to verify your accredited investor status at <a href='http://stackstoken.com/'>stackstoken.com</a> by submitting documentary evidence of your annual income or net worth.</p>"
},
},
{
{
"question":"I didn’t complete the voucher registration process. Can I still redeem my voucher?",
"category":"tokens",
"category":"tokens",
"answer":"<p>Voucher holders who missed the deadline will only be allowed to redeem their voucher in Blockstack's discretion on a first-come, first-serve basis and only if there are sufficient tokens remaining in the voucher program. You may still purchase Stacks tokens at a price of $0.30 per token available to all qualified purchasers.</p><p>If you have any questions, please contact <a href='mailto:support@stackstoken.com'>support@stackstoken.com.</a></p>"
"question":"If I am not a U.S. person, can I buy Stacks tokens?",
"answer":"<p>Residents from Canada and Japan are not eligible to participate. In addition, persons subject to the U.S. Office of Foreign Asset Control’s <a href='https://www.treasury.gov/resource-center/sanctions/Programs/Pages/Programs.aspx'>sanctions programs</a> are not eligible to participate.</p><p>You should consult an attorney in your country to determine whether your country’s laws prohibit the sale of Stacks tokens to you.</p>"
},
},
{
{
"question":"I already filled out a voucher survey. Do I still need to complete the voucher registration process?",
"category":"tokens",
"category":"tokens",
"answer":"<p>Yes. If you previously completed the voucher survey, you still need to complete the voucher registration process to be able to redeem your voucher.</p>"
"question":"Are any U.S. states excluded from the offering?",
"answer":"<p>We will not offer Stacks tokens for sale in the cash offering within Arizona, Nebraska, North Dakota, or Texas or to any resident of those states.</p>"
},
},
{
{
"question":"Can I register or redeem more than one voucher?",
"category":"tokens",
"category":"tokens",
"answer":"<p>No. Vouchers are limited to one per person so that the largest possible number of qualified purchasers have a chance to participate.</p>"
"question":"What if my payment does not clear before the offering ends?",
"answer":"<p>Your purchase is not complete until your payment is received and we accept your subscription. Priority is first-come, first-serve, based on receipt of payment. If your payment is late, your subscription may be rejected and your payment returned. We encourage you to plan accordingly, especially if you use a slower form of payment, such as ACH.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"How do I check the status of my previously purchased Stacks tokens?",
"question":"What is the order of priority if the offering is oversubscribed?",
"answer":"<p>You may check the status of previously purchased Stacks tokens at <a href='https://explorer.blockstack.org/'>https://explorer.blockstack.org/</a>. Additional wallet-related information is available <a href='https://blockstack.org/faq/'>here</a>.</p>"
"answer":"<p><u>General offering</u>: Priority in the general sale is first-come, first-serve, based on receipt of payment. We have sole discretion to reject any purchase request for any reason. We encourage you to plan accordingly, especially if you use a slower form of payment, such as ACH.</p> <p><u>Voucher program</u>: Voucher holders who pre-registered before the May 28, 2019 voucher pre-registration deadline have first priority for up to $3,000 worth of Stacks tokens at $0.12 per token. Voucher holders who missed the deadline are placed on a waitlist and given priority on a first-come, first-serve basis if there is any remaining availability.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"If I am not a U.S. person, can I buy Stacks tokens?",
"question":"I didn’t complete the voucher registration process. Can I still redeem my voucher?",
"answer":"<p>Unfortunately, residents in certain jurisdictions are unable to participate. We are unable to offer tokens to residents of Japan and Canada due to legal prohibitions in the those countries. Additionally, exclusions based on the sanctions program of the Office of Foreign Assets Control apply. We anticipate that purchasers in other foreign jurisdictions will be able to participate upon SEC qualification, but we cannot give you legal advice. You should consult a local attorney in your country to determine whether your country’s laws prohibit the sale of Stacks tokens to you.</p> <p>Please keep an eye out for updates at <a href='http://stackstoken.com'>stackstoken.com</a>, where you may also subscribe for updates by joining our mailing list.</p>"
"answer":"<p>Voucher holders who missed the May 28, 2019 voucher pre-registration deadline will only be allowed to redeem their voucher in Blockstack's discretion on a first-come, first-serve basis and only if there are sufficient tokens remaining in the voucher program. You may still purchase Stacks tokens at a price of $0.30 per token available in the general offering. If you have any questions, please contact <a href='mailto:support@stackstoken.com'>support@stackstoken.com.</a></p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"If am a New York State resident, can I buy Stacks tokens?",
"question":"Can I redeem more than one voucher?",
"answer":"<p>We are still evaluating whether New York state's BitLicense law prohibits the sale of tokens to New York state residents. We are optimistic that we will be able to sell to New York state residents, and we encourage you to register your voucher. We hope to have an answer soon. If New York state residents cannot participate, we will let you know accordingly.</p>"
"answer":"<p>No. Vouchers are limited to one per person so that the largest possible number of purchasers have a chance to participate.</p>"
},
{
"category":"tokens",
"question":"Can I transfer or sell my Stacks voucher?",
"answer":"<p>Stacks vouchers are non-transferrable and may not be bought, sold, or gifted. Only the original person or entity that registered for, and whose name is printed on, the voucher may redeem it.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"Is there an exchange where I can buy and sell Stacks tokens?",
"question":"Is there an exchange where I can buy and sell Stacks tokens?",
"answer":"<p>Currently, there is no authorized exchange or alternative trading system (ATS) for buying and selling Stacks or Stacks futures, and we cannot comment on when an exchange or ATS might list Stacks at this time. Please keep an eye out for updates at <a href='http://stackstoken.com'>stackstoken.com</a>. If you see Stacks listed on an exchange, please let us know at <a href='mailto:legal@blockstack.com'>legal@blockstack.com</a>, as the listing may be illegal or a scam.</p>"
"answer":"<p>There is currently no authorized exchange or alternative trading system (ATS) for buying and selling Stacks tokens, and we cannot comment on when an exchange or ATS might list Stacks tokens at this time. Please keep an eye out for updates at <a href='http://stackstoken.com/'>stackstoken.com</a>. If you see Stacks listed on an exchange, please let us know at <a href='mailto:legal@blockstack.com'>legal@blockstack.com</a>, as the listing may be illegal or a scam.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"Can I sell or transfer Stacks tokens directly to someone else?",
"question":"Can I sell or transfer Stacks tokens directly to someone else?",
"answer":"<p>If you purchased Stacks from our 2017 token sale, it may be possible to sell or transfer Stacks directly to another person in a peer-to-peer transaction. We recommend you consult an attorney before engaging in such a transaction, especially if buying from or selling to a U.S. person or entity, as we cannot give you legal or regulatory advice.</p>"
"answer":"<p>It may be possible to sell or transfer Stacks directly to another person in a peer-to-peer transaction. We recommend that you consult an attorney before engaging in such a transaction, especially if buying from or selling to a U.S. person or entity, as we cannot give you legal or regulatory advice.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"What is the holding or lock-up period for Stacks tokens?",
"question":"What types of transfer or time locks are Stacks tokens subject to?",
"answer":"<p>For Stacks tokens under the proposed Regulation A offering, please refer to the preliminary offering circular filed with the SEC <a href='https://www.sec.gov/Archives/edgar/data/1719379/000110465919029828/a18-15736_1partiiandiii.htm'>here</a> for information relating to the lock-up period.</p> <p>Stacks purchased from the 2017 token sale are subject to two separate holding or lock-up periods that run in tandem: (1) a one-year holding period required by law that prohibits sale or transfer of Stacks within one year of the date of purchase of the SAFT or fund interests that gave you the right to tokens, and (2) a monthly time-lock built into our blockchain that unlocks 1/24th of your Stacks on the date of the Blockchain launch on October 29, 2018, and then an additional 1/24th approximately each month thereafter. Because the 2017 token sale took place over one year ago, the one-year holding period should be over for most investors. You may check the status of your monthly time-lock at <a href='https://explorer.blockstack.org/'>https://explorer.blockstack.org/</a>.</p>"
"answer":"<p>Previous and future sales of Stacks tokens are subject to two potential types of locks on use and transfer: a <q>transfer lock</q> and a <q>time lock.</q> Transfer locks are implemented where the tokens sold are considered sales of <q>restricted securities</q> under the Securities Act of 1933. Tokens subject to transfer locks are non-transferable on the Blockstack network until a one-year holding period following their sale has lapsed. A token can be burned on the network while subject to a transfer lock (provided it is not subject to a time lock), but otherwise is non-transferable.</p> <p>Separately, tokens on the Blockstack network can be subject to a time lock, a general restriction that prevents a Stacks token from being used for any purpose on the Blockstack network, such that the Stacks token cannot be burned or transferred. Time locks operate such that Stacks tokens unlock in equal increments each time a pre-set number of blocks is processed on the blockchain.</p>"
},
{
"category":"tokens",
"question":"What types of transfer or time locks apply to my Stacks tokens?",
"answer":"<p>2019 Regulation A offering: Stacks tokens sold pursuant to our Regulation A offering are subject to an approximately two-year time lock from the date of the hard fork that distributes the tokens. 1/24th of the amount of tokens purchased will be released from this time lock on the date of distribution of the tokens, and an additional 1/24th will be released approximately every month. These tokens will not be subject to a transfer lock.</p> <p>2019 Regulation S offering: Stacks tokens sold pursuant to our Regulation S offering to non-U.S. institutional investors are subject to a one-year transfer lock from the date of sale and an approximately two-year time lock from the date of the hard fork that distributes the tokens.</p> <p>2017 Accredited Investor Sale: Stacks tokens sold pursuant to our Regulation D offering to accredited investors in 2017 are subject to an approximately two-year time lock from the date of the genesis block, except for 50,000,000 of those tokens, which are subject to an approximately four-year time lock. The tokens were previously subject to a one-year transfer lock, which has expired.</p> <p>2017 Founder Sale & Equity Investor Sale: Stacks tokens sold to founders and certain stockholders of Blockstack PBC in 2017 are subject to an approximately three-year time lock from the date of the genesis block.</p>"
},
{
"category":"tokens",
"question":"How will mining affect the supply of Stacks tokens?",
"answer":"<p>Mining is not currently available on the Blockstack network. As a result, we expect the supply of 1.32 billion Stacks tokens created in the <a href='https://blog.blockstack.org/the-launch-of-the-stacks-genesis-block/'>genesis block</a> to decline over time due to burning.</p><p>We hope to introduce mining in or around 2020, which may increase the token supply through the creation of tokens as mining rewards. We anticipate that the number of tokens added will be governed by a principle that we call <q>adaptive mint and burn,</q> which provides that a minimum number of new Stacks tokens will be created as the mining reward for each block added to the blockchain, and a number of additional tokens may also be included in the mining reward to replace tokens that have been recently burned and thereby removed from the token supply, which additional tokens we refer to as <q>replacement</q> tokens. The number of tokens recently burned would be calculated using a measurement algorithm that remains to be determined.</p> <p>Unless the number of tokens burned exceeds the maximum number of additional tokens that can be created, or the measurement algorithm fails to accurately measure the rate at which tokens are being burned, adaptive mint and burn will result in a net number of tokens being added to the token supply each year equal to the minimum number of tokens created — which would be equal to approximately 26,298,000 tokens each year for the first five years, 21,038,400 tokens each year over the next five years, and then 15,778,800 tokens each year after that. If the token-burning activity on the network consistently exceeds the cap on token creation, however, more tokens may be burned than are replaced by the replacement tokens, and this could result in less net tokens being added to the network over time than anticipated.</p> <p>In addition, the blockchain would further add to the token supply by creating 12 million new Stacks tokens a year for App Mining, and 25 million tokens and 15 million tokens the first and second year after the introduction of mining, respectively, for user incentive programs. We are considering whether these caps on the number of additional tokens should be removed at some time in the future.</p> <p>For more details, please see <q><em>Description of the Stacks Tokens—Creation of new Stacks Tokens</em></q> <a href='https://stackstoken.com/circular'>in our offering circular</a>.</p>"
},
{
"category":"tokens",
"question":"What will the supply of Stacks tokens be in 2050?",
"answer":"<p>There is no pre-set limit on the number of Stacks tokens that will be released over time. We anticipate that approximately 2,048,036,800 Stacks tokens will be in circulation in the year 2050 based on the assumption that mining is introduced in 2020, and fewer tokens than this estimate may be in circulation. For more details, please see <q><em>Description of the Stacks Tokens—Creation of new Stacks Tokens</em></q> <a href='https://stackstoken.com/circular'>in our offering circular</a>.</p>"
},
{
"category":"tokens",
"question":"How do I check the status of my previously purchased Stacks tokens?",
"answer":"<p>You may check the status of previously purchased Stacks tokens at the <a href='https://explorer.blockstack.org/'>Blockstack Explorer</a>. Additional wallet-related information is available <a href='https://docs.blockstack.org/faqs/allfaqs'>here</a>.</p>"
},
},
{
{
"category":"tokens",
"category":"tokens",
@ -617,13 +648,13 @@
},
},
{
{
"category":"tokens",
"category":"tokens",
"question":"Why were Stacks tokens valued/sold at $0.00012 prior to the 2017 accredited sale at $0.12?",
"question":"How do I get help from a person?",
"answer":"<p><strong>Founders and early employees</strong> of Blockstack PBC received tokens at $0.00012 per token in October 2017 based on an independent valuation from Foresight Valuation Group, LLC when the Stacks Token was still in its earliest stage of development and before the publication of the token white paper at the end of that month. This grant was subject to a three-year time lock commencing upon the introduction of the genesis block to the Blockstack network in November 2018, and the nominal price reflected the early, high-risk support of founders and early employees.</p> <p><strong>Holders of Blockstack’s Series A convertible preferred stock</strong>—who had invested a total of $5.1 million as of late 2016 and funded Blockstack’s early growth and development before the decision to create a token, or the drafting or publication of any white papers—were also provided an opportunity to purchase tokens at the $0.00012 per token price. This opportunity to participate at a nominal price was given in return for their early support and in proportion to their equity ownership, and it was based on their reasonable expectation as early investors that they would receive tokens if Blockstack ever decided to create a digital token. These tokens are subject to a three-year time lock, commencing upon the introduction of the genesis block to the Blockstack network in November 2018.</p>"
"answer":"<p>For questions or help regarding the Stacks token, you can contact us at <a href='mailto:support@stackstoken.com'>support@stackstoken.com.</a></p>"
"answer":"<p>**<em>This communication may be deemed “testing the waters” material under Regulation A under the Securities Act of 1933. We are not under any obligation to complete an offering under Regulation A. We may choose to make an offering to some, but not all, of the people who indicate an interest in investing, and that offering might not be made under Regulation A. We will only be able to make sales after the Securities and Exchange Commission (SEC) has “qualified” the offering statement that we have filed with the SEC. The information in that offering statement will be more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing.</em></p> <p>**<em>No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification.</em></p> <p>**<em>An indication of interest involves no obligation or commitment of any kind.</em></p><p><em>Any person interested in investing in any offering of Stacks tokens should review our disclosures and the publicly filed offering statement relating to that offering, a copy of which is available at <a href='http://www.sec.gov'>www.sec.gov</a>. You may obtain a copy of the preliminary offering circular that is part of that offering statement at</em> <a href='http://www.stackstoken.com/'><em>stackstoken.com</em></a><em>.</em></p> <p>**<em>Blockstack is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.</em></p>"
"answer":"<p><em>The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</em></p> <p><em>An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Stacks Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement at [<strong>insert link to final offering circular</strong>]. Blockstack is not registered, licensed or supervised as a broker dealer or investment adviser by the SEC, the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.</em></p><h6><em>Forward-looking statements</em></h6><p><em>This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: <q>will,</q> <q>expect,</q> <q>would,</q> <q>intend,</q> <q>believe,</q> or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform and future utility for the Stacks Token, our Reg A+ offering and launch of our network, and collaborations and partnerships. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the <q>Risk Factors</q> and <q>Management’s Discussion & Analysis</q> sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.</em></p>"
Moxiegirl
6 years ago
GitHub